Stock Trading and Other Things

Day/Equity Trader Job? -  Stock Trading and Other Things
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Day/Equity Trader Job?

I have a little bit of experience as a Broker, but I am looking into becoming a remote Day/Equity Trader.

I have done some research but thought I could get first hand info here.

- I wanted to know if there are any "Major Firms" or "Reputable Firms" that offer remote trader jobs, and will hire a new trader in the fashion.

- Do all firms require a deposit to trade the firms capital? or are there any firms that you can name that do not require this for a remote trader?

Thanks for your time.
It would be greatly appreciated if you can email me or pm or list the companies that apply.

Public Comments

1. no such thing as a "day trader" job

individuals do that for themselves and you need $25,000 to even open an acct that will allow you to trade more than 3-4 trades per week

all "stockbrokers" are "remote traders" - IN that stock brokers office - NOT working from home AND - YOU have to do tons of cold-calling to get your own customers who will trade thru you (thereby making you commission income), but you might be lucky to get a few actual trades per year per customer, so you need a lot of customers to make a decent living

and you most likely need a college degree AND have to pass the Securities License exam - to be allowed to trade for others as a stockbroker

2. As a broker, you can not become "a remote day trader" - its illegal.

Not sure what you mean by you've "done some research..and you could"get first hand information here". There is a very big difference in being a "Rep" and being and trader and there's at least 30 IQ points difference.
You need to study the various markets, the products traded in the markets, and the rules governing the markets

No "major firm" is permitted by law to offer "remote trading" to any one, and no reputable firm would offer such.

Only bucket shops would let a "broker" or any other non-experienced trader, trade on their capital.

If you believe you can trade, just open a personal account for trading through your firm - but make such you have permission from your Compliance officer.
Yes you have to use your own capital, but if you are as good as you believe you can make a lot of money legally.

3. Start your own firm.

Call it Ponzi Investments.

It will be a big deal.

4. Determine how much money you're about to spend investing in one stock. Let's presume $500. You will buy $500 worth of shares every time you invest.

Multiply the number by 3. Example: $500 x 3 = $1500. That's how much cash should be funded into your online account or into your paper trading account. That's all the money you will need to establish.

Let's presume you buy $500(I would start with $1000, but if your cash is limited, $500 is good) worth of shares on Monday, and sell it when the stock increases by %10. You've made $50 ($500 x 10) minus fee. And repeat it for Tuesday and Wednesday. You've used up all your cash. and then what? For Thursday, the cash you spent on Monday will have "settled" and will be available for use the next day, Friday, etc. There is a three day settling period before that cash can be used to buy and sell again on the same day. That is the best way to maximize your money. For more detail check this blog: